49 Royal Crest Drive Pueblo, CO ^$ 610,000

49 Royal Crest Drive

^$ 610,000

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49 Royal Crest Drive

Pueblo, CO, 81005

^$ 610,000

Bedrooms8 Baths8.0 Sq 3,808

Monthly Estimate*

^$ 4,261

Listed by Cushman & Wakefield

49 Royal Crest Drive, Pueblo, CO 81005 - Image 1

49 Royal Crest Drive, Pueblo, CO 81005 - Image 2

49 Royal Crest Drive, Pueblo, CO 81005 - Image 3

49 Royal Crest Drive, Pueblo, CO 81005 - Image 4

49 Royal Crest Drive, Pueblo, CO 81005 - Image 5

49 Royal Crest Drive, Pueblo, CO 81005 - Image 6

49 Royal Crest Drive, Pueblo, CO 81005 - Image 7

49 Royal Crest Drive, Pueblo, CO 81005 - Image 8

49 Royal Crest Drive, Pueblo, CO 81005 - Image 9

49 Royal Crest Drive, Pueblo, CO 81005 - Image 10

49 Royal Crest Drive, Pueblo, CO 81005 - Image 11

49 Royal Crest Drive, Pueblo, CO 81005 - Image 12

Multi-Family Home for sale in Pueblo, CO

for $610,000 with 8 bedrooms and 8 full baths. This 3,808 square foot home was built in 1980.

8% In-Place Cap Rate. Available as a single 4 unit purchase or to purchase alongside 37 & 43 Royal Crest Drive. C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from their close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.

Multi-Family Active

Price

^$ 610,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,623

Style

Quadruplex

Year Built

1980

Town/City

Pueblo

County/Region

Pueblo

MLS | Web ID

9031577

Features

General

Sewer Public Sewer

Heating Baseboard

Cooling Evaporative Cooling

Roof Composition

Zoning R-4

Garage Spaces 0

Construction Materials Frame

Exclusions None

Year Built 1980

Tenant Pays Electricity Water

Levels Two

Property SubType Quadplex

Tax Year 2022

Percent Ownership Individual

County Pueblo

Property Type Residential Income

HOA / Comm Assn N

Attached Garage N

Subdivision Name Beulah

Status Active

High School South

City Pueblo

Buyer Agent Compensation 2.0

Senior Community Y/N N

High School District Pueblo City 60

Carport Spaces 0

Street Name Royal Crest

Listing Terms Cash Conventional

Elementary School Goodnight

Tax Annual Amount 1623

Middle/Junior High School Bessemer

Structure Type Quadruplex

Standard Status Active

Middle/Junior School District Pueblo City 60

Elementary School District Pueblo City 60

Buyer Agent Compensation Type %

Exterior

Total Parking 8

Building Area Total 3808

Interior

Common Walls No One Above

Basement (Y/N) N

Above Grade Finished Area 3808

Street Suffix Drive

Total Bedrooms 8

Total Baths 8

Internal Only

Street Number 1 49

* Excluded Features

List By

Cushman & Wakefield

Broker

(719) 238-9074

Phone

Affordability Calculator

$4,396

Per Month

Monthly Principal & Interest: $4,261
Monthly Property Taxes: $135
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Pueblo, CO

Average List Price ^$430,083

Percent of Sale Price 29%

About Pueblo, CO

110,876 Population

9% Since 2002

^$36,506 Median Income

38.03 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3317939 Elementary School

3683878 Middle School

South High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/28/2024	$610,000	-3.94%	Price Down
2/26/2024	$635,000		Listed Price

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49 Royal Crest Drive, Pueblo, CO, 81005 is a Multi-Family Home for sale at $610,000 with 3,808 sqft. 49 Royal Crest Drive has 8 bedrooms, 8.0 baths, and was built in 1980. The property's zip code is 81005 which is in Pueblo, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/5/2024.

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49 Royal Crest Drive

Multi-Family Home for sale in Pueblo, CO

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